iShares Paris-Aligned Climate MSCI USA ETF (PABU) focuses on climate responsible companies

From Nasdaq: 2024-05-08 06:20:06

The iShares Paris-Aligned Climate MSCI USA ETF (PABU) was launched to provide exposure to the Style Box – All Cap Blend category, tracking the MSCI USA CLMT PARIS ALGN BNC EXT SLCT ID. Managed by Blackrock, the fund has over $1.79 billion in assets and a low expense ratio of 0.10%.

Smart beta ETFs offer non-cap weighted strategies, based on fundamental characteristics. PABU focuses on companies compatible with the Paris Agreement, reducing climate risks. With a 12-month trailing dividend yield of 1.01%, the fund has a heavy allocation to Information Technology and top holdings include Microsoft Corp (MSFT) and Apple Inc (AAPL).

Performance-wise, PABU has gained 6.74% this year and 24.97% in the last one year. With a beta of 1.04, it effectively diversifies risks with about 263 holdings. Alternatives like iShares ESG Aware MSCI USA ETF (ESGU) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) offer different investment strategies.

Investors looking for ETFs in the Style Box – All Cap Blend space have options like PABU, ESGU, and JEPQ, each with different expense ratios and investment approaches. For more information on these ETFs and up-to-date market analysis, visit Zacks ETF Center and subscribe to Zacks’ free Fund Newsletter for weekly updates.



Read more at Nasdaq: Is iShares Paris-Aligned Climate MSCI USA ETF (PABU) a Strong ETF Right Now?